The forecasted import of not knitted or crocheted men's and boys' trousers and shorts of synthetic fibres to India indicates a steady increase over the next five years. From 2024 to 2028, the total import value is expected to rise from 2.65 million to 3.19 million, reflecting a year-on-year growth trend that is consistently positive. The compound annual growth rate (CAGR) over this period is approximately 4.7%, signifying a moderate but stable growth in demand.
Future trends to watch:
- Changing consumer preferences towards sustainable materials may impact synthetic fiber demand.
- Trade policies and tariffs could influence import volumes and pricing structures.
- Technological advancements in textile manufacturing might alter cost efficiencies and market dynamics.